Share: NZD/USD continues the downward trajectory for more than a week. NZD faces downward pressure as New Zealand’s Food Price Index fell 0.9% in October. Goldman Sachs anticipates the RBNZ to commence rate cuts starting in the fourth quarter of 2024. US inflation could grow but at a slower pace, which could put pressure
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Bank of Japan Deputy Governor Uchida won’t comment on FX levels says the BOJ aims for price rises accompanied by wage hikes Also, BOJ Director-General of Monetary Affairs Dept Masaki: doesn’t see long-term interest rates to ‘greatly’ exceed 1% even with rising pressure This follows the overnight drop in USD/JPY: USD/JPY plunges on Monday US
USD/JPY, GBP/USD, AUD/USD FORECAST: The October U.S. inflation report will steal the limelight on Tuesday If actual CPI results deviate from consensus expectations by a wide margin, FX volatility can rise significantly This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance in the coming trading sessions
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© Reuters The euro is making strides towards the 1.0700 mark against a slightly weaker US dollar today, maintaining its momentum despite no significant shifts in market news or sentiment. The currency’s resilience comes as markets maintain a neutral risk sentiment, carrying over from last week’s risk-on movement. Investors and traders are gearing up for
Share: The AUD/NZD is grinding it out on Monday, testing into higher ground. The Aussie is rebounding on a technical basis after declining most of November. Resistance is piled up, bulls face uphill battle. The AUD/NZD has climbed nearly 0.6% as the Aussie (AUD) rallies against the Kiwi (NZD) following two straight weeks
AUD/USD ANALYSIS & TALKING POINTS RBA’s Kohler and China new yuan loans beat couple to sustain AUD. RBA pricing remains open for future rate hikes. AUD/USD cautious ahead of US CPI tomorrow. Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into
Sterling remained relatively stable, trading above the $1.22 level last week, as UK economic growth levelled off in Q3 2023, surpassing expectations of a contraction and potentially averting a recession this year. Q3 GDP was unchanged at 0% q/q, better than the -0.1% forecast, resulting in growth of 0.6% y/y in Q3, higher than the
It is a mixed Monday for the major stock indices ahead of the important US CPI data tomorrow at 8:30 AM. The headline CPI number is expected to rise by 0.1% with the core expected to rise by 0.3%. The YoY is expected to fall to 3.3% from 3.7% (YoY effects) while the core is
